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CSB Bancorp, Inc : Reports Second Quarter Earnings
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CSB Bancorp, Inc. Reports First Quarter Earnings
April 21, 2021 GMT
CSB Bancorp, Inc. (OTC Pink: CSBB):
First Quarter Highlights
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CSB Bancorp, Inc. (OTC Pink: CSBB) today announced first quarter 2021 net income of $2,885,000, or $1.05 per basic and diluted share, as compared to $2,483,000, or $0.91 per basic and diluted share, for the same period in 2020. Income before federal income tax amounted to $3,575,000, an increase of 16% over the same quarter in the prior year.
Annualized returns on average common equity (“ROE”) and average assets (“ROA”) for the quarter were 12.33% and 1.10%, respectively, compared with 11.47% and 1.23% for the first quarter of 2020.
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FLOYD, Va. and INDEPENDENCE, Va., Feb. 17, 2021 /PRNewswire/ Parkway Acquisition Corp. ( Parkway or the Company ) (OTC QX: PKKW) – the holding company for Skyline National Bank ( Skyline or the Bank ) – announced fourth quarter 2020 earnings.
Net income for the three months ended December 31, 2020 was $1.7 million or $0.28 per share, compared with $1.7 million or $0.28 per share for the three months ended December 31, 2019. Net income for the year ended December 31, 2020 was $5.9 million or $0.97 per share, compared with $7.2 million or $1.16 per share for the year ended December 31, 2019. Fourth quarter earnings represented an annualized return on average assets ( ROAA ) of 0.79% and an annualized return on average equity ( ROAE ) of 7.92% for the quarter ended December 31, 2020, compared to 0.98% and 8.47%, respectively, for the quarter ended December 31, 2019. Earnings for the year ended December 31, 2020 represented a ROAA